Boole Syndicate invests €15m in early-stage companies
The Boole Angel Investment Syndicate, based at the NSC Campus in Cork, has invested €15 million in Irish startups since its establishment in 2012. In the past year, the Syndicate has recorded more than a 50% increase in investments and is looking to further boost its membership next year.
The Boole Syndicate is a not-for-profit organisation which facilitates angel investment into high-growth startups. There are currently 38 active members with a goal to increase that to 50 by April 2026.
Since its founding, Boole has played a key role in delivering substantial returns for investors and supporting the successful growth of companies like AventaMed, Ovagen, Gasgon Medical, Oncoassure, JustTip, FlexiDrive and eIDEasy.
In the past year alone, the Syndicate has invested €2.2 million into 15 investments, reflecting a 52% increase compared to the previous years. The investments often unlock five times additional funding from private sources and government programmes as well as venture capitalists and Enterprise Ireland, expanding the support available to startups nationwide.
Working closely with AxisBIC, Boole offers members a unique opportunity to hear from over 30 pre-screened investor ready high growth startups. Many of the investments qualify for EIIS tax benefits, enabling maximum returns in a tax-efficient manner.
Networking and capacity-building are central, with members learning from and collaborating alongside seasoned investors such as Boole’s Chair Shemas Eivers, who has invested in over 70 companies to date.
Eivers said: “Being active in Boole since 2012, I’ve seen how angel investing has developed in Ireland. I thoroughly enjoy start-up investing as it allows you to share the passion of the entrepreneur experience without the daily executive responsibility while participating in outcomes.
“I would encourage anyone who has been considering angel investing to come to the Boole event on 26 November and speak to others about their own experiences. Our new professionally run model is working well for investors and companies, moving away from dependence on voluntary effort in the past and there is so much more to do in our plans.”
Investors benefit from a flexible investment model with typical angel investment ranging from €5,000 to more than €25,000 into three to eight companies per year, investing as a group.
Donagh Kiernan, managing director, The Boole Angel Investment Syndicate, added: “Boole’s role is to make angel investment as easy as possible for busy angel investors, and to offer support to start-up promoters, providing fast responses, feedback and investments. Boole operates on a consistent structured process low operating cost model.”
For further information, or to register for the angel investor event, visit https://BooleMemberEvent.eventbrite.ie
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